About SIT

Banking Software News from SIT

Equitable Trust Completes Public Offering

Toronto, Canada - March 18, 2004 - Equitable Group announces
closing of $54,250,000 initial public offering of common shares.

Equitable Trust Company has been a client of Strategic Information
Technology Limited, using the Portfolio Plus platform since 1991. We would like to
congratulate Equitable Trust's successful growth over the last fourteen years
and are thrilled to be associated with their success.

About SIT

Strategic Information Technology Limited was formed in 1988. SIT develops
and markets a core banking system Portfolio Plus. Portfolio Plus is a highly functional
application designed to be easily tailored to customers' unique environments, to process
information efficiently, and to provide timely access to information essential to competing
effectively in the financial services industry today.